Analyst Consensus ?
ConsensusHold17 ratings
Bullish847.1%
Neutral952.9%
Bearish00.0%
Gold Fields Limited · GFI · FY2023 Q4 · Calendar Q1 2024
Gold Fields Holds Guidance While Costs and Capex Rise
The call supports a mixed outlook: production growth, Salares Norte, renewable projects and strong prior-year cash flow provide support, but higher costs, heavier capex, safety issues and execution risks limit the strength of the case.
Reported Before market openNYSEBasic Materials
$32.91B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.30
Consensus $0.25
EPS surprise
+18.0%
Reported versus consensus
Reported revenue
$2.23B
Consensus $5.12B
Revenue surprise
-56.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-5.8%
Event window
SPY move
+2.1%
Same window
Abnormal move
-7.9%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+19.4%
Up to 20 sessions
GFISPY benchmark
Ask FN2 about GFI FY2023 Q4
Transcript, numbers and history already loaded
Why did GFI fall 5.8% after beating EPS estimates in FY2023 Q4?What changed in GFI's guidance and outlook in FY2023 Q4?Give me the bull and bear case for GFI after FY2023 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the company reported full-year 2023 results and set 2024 priorities: production guidance rises modestly, AISC and capex rise, safety review actions deepen, and Salares Norte timing is targeted for first gold by April 2024.
Guidance delta
Guidance was maintained; 2024 production is expected to rise 4%, while AISC is expected to rise 9–10% and capex to $1.13–$1.19B.
Key takeaways
- Management reported strong 2023 free cash flow and kept the dividend unchanged despite higher costs.
- 2024 plans pair modest production growth with higher AISC and materially higher capex.
- Safety remains a central issue after fatalities, with an independent safety-system review underway.
- Salares Norte, renewable-power projects and the Tarkwa/Iduapriem JV are key execution priorities.
Management priorities
- Ramp Salares Norte toward first gold by April 2024.
- Advance renewable-power projects, including the St. Ives micro-grid.
- Progress the Tarkwa/Iduapriem JV and exploration program.
- Improve safety systems and contractor oversight.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$34.59Current
$13.5Low
$35.42Average
$57.25High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Jul 14, 2026 |
| Canaccord Genuity | Buy | Hold | Upgrade | Apr 24, 2026 |
| Citigroup | Buy | Buy | Maintain | Nov 26, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 25, 2025 |
| HSBC | Hold | Buy | Downgrade | Apr 17, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Feb 12, 2021 |
| Bank of America | Buy | Underperform | Upgrade | Apr 13, 2018 |
| B of A Securities | Buy | Underperform | Upgrade | Apr 13, 2018 |
| Macquarie | Neutral | Outperform | Downgrade | Mar 15, 2016 |
| Scotia Howard Weil | Perform | Sector Perform | Maintain | Aug 31, 2015 |
| UBS | Neutral | Sell | Upgrade | May 13, 2015 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Feb 18, 2014 |
| Exane BNP Paribas | Buy | Buy | Maintain | Nov 5, 2013 |
| CIBC | Sector Perform | Underperform | Upgrade | Oct 3, 2013 |
| Deutsche Bank | Buy | Hold | Upgrade | Apr 17, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $34.59. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $38 | $35.55 | +9.9% | Oct 15, 2026 |
| Scotiabank | Analyst unavailable | $52 | $33.13 | +50.3% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $49 | $33.8 | +41.7% | Jul 9, 2026 |
| Canaccord Genuity | Analyst unavailable | $57.25 | $43.96 | +65.5% | Apr 24, 2026 |
| Scotiabank | Analyst unavailable | $61 | $57.59 | +76.4% | Jan 26, 2026 |
| RBC Capital | Josh Wolfson | $45 | $39.15 | +30.1% | Nov 24, 2025 |
| Scotiabank | Analyst unavailable | $47 | $40.9 | +35.9% | Oct 23, 2025 |
| Canaccord Genuity | Analyst unavailable | $39 | $41 | +12.7% | Oct 13, 2025 |
| Capital One Financial | Analyst unavailable | $32 | $31.12 | -7.5% | Aug 22, 2025 |
| Scotiabank | Tanya Jakusconek | $18 | $16.84 | -48.0% | Aug 19, 2024 |
| BMO Capital | Raj Ray | $14 | $15.16 | -59.5% | Jun 26, 2024 |
| Scotiabank | Tanya Jakusconek | $17 | $13.28 | -50.9% | Jun 14, 2024 |
| BMO Capital | Andrew Kaip | $13.5 | $13.88 | -61.0% | Jun 13, 2024 |
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Start freeCompany context
Snapshot as of publicationGold Fields Limited is a prominent global gold mining enterprise, holding significant reserves and resources across diverse regions including Chile, South Africa, Ghana, West Africa, Australia, and Peru. Beyond its primary focus on gold, the company also engages in the exploration of copper deposits. It manages a portfolio of nine operational mines, collectively producing an estimated 2.34 million gold-equivalent ounces each year. The firm's substantial gold holdings include approximately 48.6 million ounces in mineral reserves and an impressive 111.8 million ounces in mineral resources. Established in 1887, Gold Fields Limited is headquartered in Sandton, South Africa.
Historical context
All GFI earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CRS Carpenter Technology Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.9% | -20.6% | CRS: Aerospace Bookings Accelerate as Guidance Holds |
| DOW Dow Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.3% | +4.7% | Dow’s Q3 growth and self-help gains support a steady Q4 outlook |
| NEM Newmont Corporation | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -2.6% | Newmont Holds 2026 Guidance as Projects Set Up 2027 Growth |
| SCCO Southern Copper Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.4% | -2.1% | Southern Copper: Record Q3 results, projects advance amid execution risks |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the GFI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-25T21:50:47.559856+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T21:50:47.556955+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.